TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans. The social video platform company signed agreements with major investors including Oracle, Silver Lake and the Emirati investment firm MGX to form the new TikTok US joint venture.

The deal will be finalized this week

The deal avoids the threat of the popular app being banned in the U.S. over national security concerns.

TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.

TikTok annuncia di aver finalizzato l'accordo per la cessione delle sue attività negli Stati Uniti a investitori non cinesi, aprendo di fatto un nuovo capitolo per la popolare app…

TikTok annuncia di aver finalizzato l'accordo per la cessione delle sue attività negli Stati Uniti a investitori non cinesi, aprendo di fatto un nuovo capitolo per la popolare app…

The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX.

Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX

La plataforma y su matriz ByteDance constituyen la filial, con propiedad mayoritaria de inversores estadounidenses, y ponen fin a años de problemas legales

The app was due to be banned in the US a year ago if its Chinese owner hadn't sold its business in America.

Si conclude una saga di sei anni ma le polemiche non svaniscono. La nuova entità controllata all’80% da una cordata “amica” di Trump che comprende Oracle, Silver Lake e il fondo…

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now…

La piattaforma social firma un accordo con Oracle, Silver Lake e MGX per costituire la joint venture TikTok U.S., garantendo protezione dei dati e sicurezza de…

Firmato l’accordo: nella joint-venture anche Oracle e Dell, con ByteDance che si tiene quasi il 20% del capitale. L’algoritmo sarà “riaddestrato” ma per gli ut…

While TikTok's future in the US has been secured, questions remain about exactly what changes US users will see.

It comes after TikTok faced years of intense scrutiny in the US due to concerns about user data privacy.